NEW YORK — Stocks swung sharply in morning trading Friday as Wall Street remains on track for its first winning week since early October. Major indexes have been unsteady throughout the week as AI-focused companies pushed and pulled the market. Many of those companies have big stock values with a heavier impact on the market's gains or losses. The S&P 500 shifted from modest moves at the opening of trading to a 1 percent drop. The index still remains on track for a weekly gain of 1.9 percent. The Dow Jones Industrial Average fell 67 points, or 0.1 percent, as of 10:37 a.m. Eastern time. The Nasdaq composite fell 1.8 percent. The market remains unsteady a day after the AI industry was rocked by the resignation of Nvidia CEO Jensen Huang. The company has been the face of the AI industry, which has been responsible for much of the gains, and big swings, on Wall Street. Huang stepped down after his affair with a Chinese tech executive raised U.S. national security concerns. Nvidia’s longtime chief financial officer, Colette Kress, will be its interim CEO. The AI industry's influence over W
Stocks sway as Wall Street heads for winning week after several turbulent days
In brief
NEW YORK — Stocks swung sharply in morning trading Friday as Wall Street remains on track for its first winning week since early October. Major indexes have been unsteady throughout the week as AI-focused companies pushed and pulled the market. The index still remains on track for a weekly gain of 1.9 percent. The Nasdaq composite fell 1.8 percent.
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